Former Anambra state governorship aspirant Andy Uba's properties has been seized by Officials of the Execution Unit, Federal Capital Territory High Court in Abuja.
They seized vehicles belonging to Andy Uba in his Abuja residence as a result of an overdue dept of a N50 million resulting from loan he took from Oranto Petroleum Limited.
Oranto petroleum had instituted a case against him because the loan is long overdue and he has not been showing interest for repayment.
Recall that during Anambra state election, Uba's house was reported to be sealed by a bank over a loan that he was yet to repay.
It has been repoted that the seizure of Uba’s property was because of the judgment of an Anambra State High Court delivered on March 6, 2017.
Report of the judgement quoted Justice Mbonu as stating: "The Plaintiff has sufficiently shown that she granted interest-free friendly loan to the defendant which has not been denied and since have not been repaid.
"In the circumstances I enter judgment for the plaintiff in the sum of N50 million being refund of interest-free loan granted to the defendant by the plaintiff at the request of the defendant.
"Leave is hereby granted the plaintiff/judgment creditor/applicant to register the certificate of judgment of the High Court of Anambra State in the Aguata Judicial Division holden at Ekwulobia and delivered by Hon. (Justice) C.N. Mbonu-Nwenyi on the 6th day of March, 2017 in suit no. AG/94/2016:Oranto Petroleum Ltd Vs Senator Nnamdi Emmanuel Andy Uba as the judgment of this Court.
"An order of this Honourable Court deeming the judgment of the High Court of Anambra State in the Judicial Division holden at Ekwulobia and delivered by Hon. (Justice) C.N. Mbonu-Nwenyi on the 6th day of March, 2017 in suit no. AG/94/2016: Oranto Petroleum Ltd VS Senator Nnamdi Emmanuel Andy Uba as the judgment of this Court is hereby granted.
"An order of the Honourable Court directing the cost of the registration and execution of the judgment to be recoverable from the Defendant/Judgment Debtor/Respondent to an amount assessed by the Court in the circumstances of this case is hereby granted.''
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